MainSource Financial Group has finalized acquiring all the common stock of Cheviot Financial Corp. in a cash and stock transaction valued at about $102.5 million.
Cheviot, headquartered in Cincinnati, is the holding company for Cheviot Savings Bank.
Following the merger, Cheviot Savings Bank merged with and into MainSource Bank, based in Greensburg. Customers in the Cincinnati area now have 14 full-service banking offices and ATMs to conduct banking transactions in addition to all MainSource Bank locations in Indiana, Ohio, Kentucky and Illinois.
MainSource has local offices in Columbus, Hope, Edinburgh, North Vernon and Westport, in addition to locations inside retail stores and ATM locations.